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EURO-USD

EUR/USD buying opportunityHello everyone, This is my first idea and tomorrow will be my first trade with Real Capital so I decided to post this that I have planned for tomorrow's trading. Looking at the market, a turnaround seems quite likely. Firstly, discussing political and economic factors: Brexit discussions seem to be in favour of UK staying with the EU and thus I expect the Euro to be heading upwards. Seconds, studying structure and trend we can see the trend being backed up by strong support level as well as a lower one which also approximately matched the Fibonacci 0.5 level. TO DO: I see a buying opportunity, which should be presented if our trend crosses the green resistance/trend level on top. -Do let me know what you think and any constructive corrections are much appreciated!
Long
by managingchaoscapital
1
Long on EUR/USD BUY BUY BUY !!!Reasons for -Firstly as we can clearly see we are in a Triangle formation -We have had multiple bounces from the Bottom trend line which is now acting as Support -The previous Four hour candle was a doji on the trend line -Now this 4 hour candle stick is forming a nice big bullish candle which signifies Bullish momentum from Trend line acting as Support -We have also priced in Higher HIghs -Although waiting for a break of the triangle formation would be the best thing to do i am more then willing to take a risk and only give away 50 pips if its Stop loss and if it hits Takeprofit then we will make a nice gain of 140 pips Key risk management and risk reward is KEY :) Remember History repeats itself My ENTRY 1.08434 GoodLuck everyone ! Happy trading :)
Long
by ARFXC
30
Reversal on EURUSD, LONG this weekWhy should we be bullish: Downtrend channel was already broken last friday, supported by strong indications (Strong MACD and Stochastics) coupled with price action (higher highs and higher lows). If we take a step back at the daily chart, you can even notice that 1.10720 was a retracement from the fibo! When to enter: Let's wait to show a buy signal from the stochastics or once it retraces to the lower uptrend channel. But the TREND must HOLD as a pre-condition When to exit: Once it reaches highest resistance at 1.1014. This is consistent with fibo extension which I laid down on the latest swing. Risk reward ratio: 2.14
Long
by TraderTroopa
Reversal on EURUSD, LONG this weekCheck the chart, it has broken the downtrend last Friday. If you're checking out the swing at the daily, 1.0730 was actually a retracement. EUR bouncing from that justifies this upward swing and let's this opportunity at an early stage. When to enter: Buy once it holds within the upward channel (Blue lines) with buy confirmation from the stochastics. When to exit: Exit at 1.10144 which is resistance from December swing highs which is consistent with our Fibo extensions.
Long
by TraderTroopa
EURUSD: Potential Bullish Garltey within the ConsolidationLot’s on my trading radar today gang. In fact out of the 11 pairs in my trading portfolio, I’m either involved or have pending orders on 7 of them. (EURUSD, EURJPY, GBPUSD, AUDUSD, GBPJPY, NZDUSD, EURAUD). The chart you’re looking at displays a potential bullish Gartley pattern on the EURUSD. This pair has been in consolidation as of late which has been a positive thing for pattern traders, nailing profits on both the previous bullish cypher and bearish bat patterns that were offered. Will this next potential pattern meet the same fate? I hope so, but honestly there is no way to tell. Remember traders we don’t have any control over the markets, they do what they want when they want. The only thing that we can control is ourselves and how well we execute our trading plan. The green/red boxes on the side will give you an idea of where I’m looking for initial stops and targets. The risk reward on this particular pair is slightly above 1:1 so unless we have a perfect completion, I’m expecting an inverse risk/reward going forward. If you’re around this Friday I’ll be doing a Live Google Hangout in my trading room. With the Non-Farm Employment release coming I have no intentions of trading so I figured we could all hang out and do a little Question & Answer. If you’re interested just head over and subscribe to my youtube channel. It will be THIS FRIDAY at 8am New York Time. www.youtube.com Akil Stokes Chief Currency Analyst at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com
Long
by Akil_Stokes
130
EURUSD: Counter Trend @ 1.12s or TCT In Anticipation of the moveA lot of my radar today going around my trading portfolio including the EURUSD. After being stopped out for a loss on yesterday’s bullish Bat pattern, we re-did our IPDE process and started making predictions for our next opportunities. I still don’t see a structure level that I’m a fan of on this pair that is until/unless we get down to the 1.1000 area, but the next potential speed bump may come around the 1.1200 even handle number. Aside from it being a psychological number, we have multiple harmonic moves setting up in that area, some Fibonacci extensions, and most importantly, looking left we’ve got structure leaving clues. As discussed in yesterday’s live session, the question just isn’t “where will we go?” but “how will we get there?” And this offers yet another trend continuation (TCT) opportunity if the market were to retrace in anticipation on that 1.1200 level being hit. Of course counter trend (CT) traders, this makes no difference to you as you’re only waiting for the next structure level. We’ve got the Jackson Hole Symposium going on today which may provide some movement along with Pre-GDP and our normal Thursday Unemployment Claims out at 8:30am & Pending Home Sales at 10:00am. I don’t even try to pretend that I can predict the outcome of these events, but keep those in mind while trading today. We’ll be keeping an eye out for this one in our live trading room today along with potential trades on the GBPUSD, EURJPY, GBPJPY & USDCAD which are all high on my radar. Also it’s THURSDAY so make sure you check out my Youtube page later for my weekly Forex Trading Video www.youtube.com Have a great day of trading gang! Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
by Akil_Stokes
23
EURUSD: Who The Heck Knows What's NextI’m not even going to lie to you guys. I have no idea what the next move is on the Euro. As I told my training course clients yesterday, right now I’m in defense mode as I don’t want to give any of this years gains back trying to get cute in these crazy markets. With that being said I have gotten messages here on Tradingview to share my opinion and do some analysis so here it is. After resistance is broken it turns to support, so I’m looking for price action to retrace to our previous level of structure and potential give us some type of reaction. Normally I would say to expect a trend continuation move here but I do think yesterday’s moves were overblown and a correction is in store, especially for those interested in buying USD’s and this discounted price. Looking on the hourly chart a harmonic move (ABCD) would put us right at a previous level of structure both minor on the hourly and major on the daily. Also, keep in mind we have an important consumer confidence number coming out this morning as well. So will there be a reaction, I don’t know. Where will that reaction take us, I don’t know. Hey I’m just being honest with you. The only think I’ll be looking at is short term trading opportunities once my live room opens. By the way if you want to spend a free week in there with me, you can sign up here. tradeempowered.com Maybe I’ll see you throughout the week, maybe I won’t. As mentioned before I’m not in a rush to gamble and try to catch the “hot” move, rather I’m concerned with conserving my capital and not letting a decent year of trading profits get eaten up by greed. Akil Stokes Chief Currency Analysis at Trade Empowered Click here for 20+ hours of FREE Training tradeempowered.com Click the link below to subscribe for more FOREX TRADING videos www.youtube.com Facebook: www.facebook.com Twitter: twitter.com
Long
by Akil_Stokes
36